Stock analysis software programs of different types are available on the market. From Seeking Alpha to Benzinga Pro, there are several platforms that can help you analyze stocks and identify which stocks may be ripe for a potential stock buy.
Pay attention to the fact that none of these solutions will tell you what to do, you will need to know how to analyze data to make any desired decision.
Bloomberg Terminal
Traders need data to make smart decisions. This is why they use platforms that offer data analysis tools. But with a range of data and varying quality, many firms face challenges.
Bloomberg offers a complete set of tools to help them do this. For example, it offers real-time news feeds. This is particularly useful for novice traders. It gives them time to analyze the data and then decide what to do.
It also provides price quotations and other news related to the financial market. It’s available in 120 countries. Users can access it from computers or mobile devices.
Traders should take note that it costs $20,000 a year for a single user.
Koyfin
For those with a limited budget, there are different solutions on the market. For instance, Koyfin has a low monthly subscription and a free plan. Considering that the Koyfin platform also covers stocks, ETFs, mutual funds, forex, and global market data it may be a good Bloomberg alternative for portfolio managers, institutional investors, and other trader groups. The best part about this investment analysis tool is that it’s easy to use and provides advanced graphing for all the tools you need to make the right decisions.
Pay attention that Koyfin tools are adapted for professional traders, advanced investors, and financial advisers. Although it is known to be used by universities and financial schools as well.
The platform’s most popular feature is its stock screener. You can combine fundamental variables, such as earnings per share and growth rates, with technical ones, such as price and volume. You can also view the moving average convergence/divergence signal, which is a fancy way of stating the market’s current trend.
Paid plans give investors the opportunity to use unlimited watchlists, dashboards, chart templates, transcripts & financial filings, and many others. If you are considering the solutions for the team there is also an enterprise plan.
Seeking Alpha
Seeking Alpha is a subscription-based service that provides a wide variety of financial opinions, educational resources, and advanced tools.
You can compare stocks, evaluate their performance, and track your investments.
There are several different tools available, including a stock screener, a financial calculator, a portfolio, and a news feed. However, if you’re looking for a way to get the most comprehensive stock research, you’ll need to sign up for a premium account. You can do this through the Seeking Alpha website or the app.
In addition to the screener, the Pro plan also includes a customized research service. This will help you develop investment opportunities based on your unique investing style. You’ll also be able to receive personalized alerts and emails, plus access to a range of other features.
Unlike other stock analysis software, Seeking Alpha takes a more crowd-sourced approach. In fact, over 10,000 stock ideas are published on the site each month. They must be written by credible authors and vetted before they’re posted.
Benzinga Pro
Benzinga Pro is a good stock analysis software that can be used by investors looking to stay on top of the latest market news and analysis. It provides a wide range of tools and features, including real-time news alerts, a comprehensive newsfeed, and a range of technical and fundamental indicators. Using the software, users can create custom watchlists and feeds to receive real-time stock market information and price highs and lows.
Benzinga Pro has a newsfeed that offers critical breaking news, real-time scanning, and key stock stats. Its Movers feature shows the market’s biggest gainers and losers in real time. It also lets users filter by sector, time frame, and market cap.
Benzinga’s Security Widgets give users access to financials, press releases, and charts. It also offers dozens of indicators and drawing tools. It’s possible to customize the newsfeed, including creating your list of stocks to follow and receiving email and browser alerts.
Benzinga Pro also offers a free demo. This gives new subscribers a chance to test out the software for 14 days, without committing to a long-term subscription. They can cancel their subscription at any time during the trial period.
Finviz
Choosing the stock analysis software is not a one size fits all affair. The tool may not be the cheapest, but it should provide users with the features they need to improve their investment portfolios.
The ad-supported, free version of Finviz gives users access to dozens of metrics and indicators for a stock. You can also screen stocks by category, technical metric, country, and more.
Aside from its stock screener, the site also offers a Zen Score and Top Analysts, two features you might not have heard of. The latter is a list of nearly 4,000 analysts across the globe. It ranks them based on their consistency and returns on investment.
The site’s best feature, however, is its free stock screening service. You can use the system to scan stocks based on technical and fundamental metrics, such as revenue growth, return on equity, and price-to-earnings ratio. You can also track up to 50 tickets in a portfolio.
MarketXLS
Using MarketXLS, you can perform fundamental analysis, technical research, and portfolio management. These tools will give you a clearer picture of the stock markets and help you make more informed investment decisions.
The tool allows you to analyze stocks, options, mutual funds, ETFs, and currencies. It also features real-time quotes and charts. You can even create financial models and monitor real-time profit and loss. You can also compare companies and collaborate with other users.
It is the perfect choice for people who are obsessed with data. This is because it combines the most useful elements of the stock market, such as fundamentals, technical analysis, and charts, all in one place. It is easy to use and integrates into spreadsheets.
It also comes with a free trial. It provides more than 50 strategy videos and comprehensive tutorials.
There is no limit to the number of stocks you can scan. However, you will need a computer to run it. You can get started with a free 30-day trial. You can then subscribe to a monthly, annual, or yearly plan.
The TC2000 software is another great stock options analysis software. It’s easy to use and features great visualization. You can scan in real-time, on gamma, delta, and expiration.
